Mapeley

Last updated
Mapeley Limited
Company type Privately held company
Industry Property
Founded1999
Headquarters Guernsey
Key people
Wes Edens Chairman
Mark J. Smith CEO
Revenue £417.4 million (2007)
£(39.9) million (2007)
£(124.9) million (2007)
Website www.mapeley.com

Mapeley Limited is a Guernsey-based outsourcing and property investment business. It was previously listed on the London Stock Exchange and constituent of the FTSE 250 Index.

Contents

History

The company was founded in 1999. In 2001, it entered into an outsourcing contract with HM Revenue & Customs. [1] In 2000 it purchased a portfolio of properties from Abbey and then leased them back again to Abbey. [2] Then in 2006 it secured a major outsourcing contract from the Identity and Passport Service. [3]

The company was listed on the London Stock Exchange in 2005, [4] before being delisted in 2009 after facing significant headwinds and poor share price performance. [5]

Operations

The company has operations organised as follows:

Ownership

The group is privately held, with Fortress Investment Group understood to be the largest shareholder. [5]

Related Research Articles

<span class="mw-page-title-main">Aon (company)</span> Professional services firm

Aon plc is a global professional services firm that offers a range of risk-mitigation products. Aon has approximately 50,000 employees across 120 countries.

In economics and finance, arbitrage is the practice of taking advantage of a difference in prices in two or more markets – striking a combination of matching deals to capitalize on the difference, the profit being the difference between the market prices at which the unit is traded. When used by academics, an arbitrage is a transaction that involves no negative cash flow at any probabilistic or temporal state and a positive cash flow in at least one state; in simple terms, it is the possibility of a risk-free profit after transaction costs. For example, an arbitrage opportunity is present when there is the possibility to instantaneously buy something for a low price and sell it for a higher price.

A hedge is an investment position intended to offset potential losses or gains that may be incurred by a companion investment. A hedge can be constructed from many types of financial instruments, including stocks, exchange-traded funds, insurance, forward contracts, swaps, options, gambles, many types of over-the-counter and derivative products, and futures contracts.

A real estate investment trust is a company that owns, and in most cases operates, income-producing real estate. REITs own many types of commercial real estate, including office and apartment buildings, studios, warehouses, hospitals, shopping centers, hotels and commercial forests. Some REITs engage in financing real estate. REITs act as a bridge between the worlds of housing and urban development on one hand, and institutional investors and financial markets on the other. They are typically categorized into commercial REITs (C-REITs) and residential REITs (R-REITs), with the latter focusing on housing assets such as apartments and single-family homes.

<span class="mw-page-title-main">Financial services</span> Economic service provided by the finance industry

Financial services are economic services tied to finance provided by financial institutions. Financial services encompass a broad range of service sector activities, especially as concerns financial management and consumer finance.

An investment trust is a form of investment fund found mostly in the United Kingdom and Japan. Investment trusts are constituted as public limited companies and are therefore closed ended since the fund managers cannot redeem or create shares.

<span class="mw-page-title-main">Prudential plc</span> British multinational life insurance and financial services company

Prudential plc is a British-domiciled multinational insurance and asset management company headquartered in London and Hong Kong. It was founded in London in May 1848 to provide loans to professional and working people.

<span class="mw-page-title-main">Telkom Indonesia</span> Indonesian telecommunications company

PT Telekomunikasi Indonesia (Persero) Tbk officially shortened into PT Telkom Indonesia (Persero) Tbk, also simply known as Telkom, is an Indonesian multinational telecommunications conglomerate with its corporate headquarters in Bandung and its operational headquarters in the Telkom Landmark Complex in Jakarta. Telkom is listed on the Indonesia Stock Exchange and has a secondary listing on the New York Stock Exchange—the only Indonesian company, currently listed there. The government of Indonesia owns over half of the Telkom's shares outstanding.

<span class="mw-page-title-main">MTR Corporation</span> Transport services company and property developer in Hong Kong

MTR Corporation Limited is a majority government-owned public transport operator and property developer in Hong Kong which operates the Mass Transit Railway, the most popular public transport network in Hong Kong. It is listed on the Hong Kong Exchange and is a component of the Hang Seng Index. The MTR additionally invests in railways across different parts of the world, including franchised contracts to operate rapid transit systems in London, Stockholm, Beijing, Hangzhou, Macao, Shenzhen, Sydney, and a suburban rail system in Melbourne.

<span class="mw-page-title-main">JSE Limited</span> Stock exchange in Johannesburg, South Africa

JSE Limited is the largest stock exchange in Africa. It is located in Sandton, Johannesburg, South Africa, after it moved from downtown Johannesburg in 2000. In 2003 the JSE had an estimated 473 listed companies and a market capitalisation of US$182.6 billion, as well as an average monthly traded value of US$6.399 billion. As of March 2022, the market capitalisation of the JSE was at US$1.36 trillion.

A dual-listed company or DLC is a corporate structure in which two corporations function as a single operating business through a legal equalization agreement, but retain separate legal identities and stock exchange listings. Virtually all DLCs are cross-border, and have tax and other advantages for the corporations and their stockholders.

Passive income is a type of unearned income that is acquired with little to no labor to earn or maintain. It is often combined with another source of income, such as regular employment or a side job. Passive income, as an acquired income, is taxable.

<span class="mw-page-title-main">JJB Sports</span> British sports retailer company

JJB Sports plc was a British sports retailer. On 24 September 2012, shares in JJB Sports were suspended, and the firm called in administrators. On 1 October 2012, it was announced that Sports Direct had purchased part of the business, including 20 stores, the brand, and its website for £28.3 million.

Jefferies Group LLC is an American multinational independent investment bank and financial services company that is headquartered in New York City. The firm provides clients with capital markets and financial advisory services, institutional brokerage, securities research, and asset management. This includes mergers and acquisitions, restructuring, and other financial advisory services. The Capital Markets segment also includes its securities trading and investment banking activities.

<span class="mw-page-title-main">Tehran Stock Exchange</span> Iranian stock exchange

The Tehran Stock Exchange (TSE) is Iran's largest stock exchange, which first opened in 1967. The TSE is based in Tehran. As of May 2023, 666 companies with a combined market capitalization of US$1.45 trillion were listed on TSE. TSE, which is a founding member of the Federation of Euro-Asian Stock Exchanges, has been one of the world's best performing stock exchanges in the years 2002 through 2013. TSE is an emerging or "frontier" market.

<span class="mw-page-title-main">Lloyds Banking Group</span> British financial institution

Lloyds Banking Group plc is a British financial institution formed through the acquisition of HBOS by Lloyds TSB in 2009. It is one of the UK's largest financial services organisations, with 30 million customers and 65,000 employees. Lloyds Bank was founded in 1765 but the wider Group's heritage extends over 320 years, dating back to the founding of the Bank of Scotland by the Parliament of Scotland in 1695.

Empresaria Group plc is a global specialist staffing group operating across 6 diversified sectors in 19 countries but supplying to many more. The group's sectors are Professional, IT, Healthcare, Property, Construction and Engineering, Commercial and Offshore Recruitment Services. Its services include Temporary and Contract Staffing, Permanent Placement, Executive Search, Offshore Recruitment Services (ORS) and Recruitment Process Outsourcing (RPO). The group's head office is in Crawley, UK.

<span class="mw-page-title-main">Aon Hewitt</span> American consulting company

Aon Hewitt was a provider of human capital and management consulting services headquartered in Lincolnshire, Illinois in the United States. From 500 offices in 120 countries, it provided consulting, outsourcing, and reinsurance brokerage services. The "Aon Hewitt" brand and legal entities have now been absorbed into the "Aon" business, leaving obsolete the names "Hewitt" and "Aon Hewitt."

<span class="mw-page-title-main">Royal Mint Court</span> Building complex in London, England

Royal Mint Court is a building complex with offices and 100 shared-ownership homes in East Smithfield, close to the City of London financial district.

References

  1. PFI: The STEPS Deal
  2. Abbey timeline - 2000 Archived 2013-09-21 at the Wayback Machine
  3. Mapeley wins lucrative contract
  4. Turner, Sarah (16 June 2005). "Mapeley sets IPO offer price at GBP23 a share".
  5. 1 2 Reuters (19 February 2009). "Mapeley announces delisting, shares down 7 pct".{{cite web}}: |last= has generic name (help)